Month: November 2016

 Grab, the Uber rival in Southeast Asia, has scooped up a strategic investment that could help it expand its pools of drivers to battle rival services. Read More

from TechCrunch

 This afternoon, Norwest Venture Partners announced that it led a massive $210 million Series D investment round in OpenDoor. The startup is looking to expand the usage of its marketplace platform for buying and selling real estate to 10 cities with the new capital. OpenDoor is unique in that it owns its own inventory of homes. While the predictive analytics the company employs to project… Read More

from TechCrunch

 Founder Collective, the seven-year-old, Cambridge, Ma.-based seed-stage venture fund, has closed its third fund with $75 million in capital from a small group of limited partners whose so-called anchor investors are the the firm’s three partners: David Frankel, Micah Rosenbloom and Eric Paley.
“Unlike most funds, the partners are, in fact, the single-largest investor in [our new fund]. Read More

from TechCrunch

Singapore’s Jungle Ventures today confirmed the final close of its newest $100 million fund for investments in Southeast Asia. The firm first announced plans for the fund, which is its second, in September 2015 when it completed a first close. Read More

from TechCrunch

 Dubsmash, the lip-syncing video app from Berlin that became a surprise social hit last year, has raised Series B funding.
According to multiple sources — and now confirmed by the company — Sunstone Capital has led a €9 million (~$9.6m) round with participation from Index Ventures, Balderton Capital, Eniac Venture, and Lowercase Capital. Read More

from TechCrunch

 SUSE, which probably is best known for its Linux distribution, has long been a quiet but persistent player in the OpenStack ecosystem. Over the last few months, though, the German company has also emerged as one of the stronger competitors in this world, especially now that we are seeing a good bit of consolidation around OpenStack. Today, SUSE announced that it is acquiring OpenStack and… Read More

from TechCrunch

 Clue, an app built on machine learning to track a woman’s monthly menstrual cycle, announced it has raised $20 million in Series B funding today. The money comes from several investors with a focus in the healthcare space and was led by Nokia Growth Partners (NGP). Other participants in the round include existing investors Union Square Ventures, Mosaic Ventures, Brigitte Mohn and… Read More

from TechCrunch

 Mojiworks, new startup from the founders of Wonderland, the UK gaming startup acqui-hired by Zynga back in 2011, is on a mission to turn Apple’s iMessage into a social gaming platform. Read More

from TechCrunch

 Make way for another startup that wants to shake up the world of music and audio technology. Devialet, the French developer of high-end speakers and the IP behind the sound systems that make them go boom, has raised €100 million ($106 million). This is a strategic growth round that is bringing in a number of high-profile new investors — and with them, a lot more audio… Read More

from TechCrunch

 Stripe — the company that lets websites and apps incorporate payments services by way of an API and a few lines of code — has raised another round of funding, a Series D of $150 million at a $9 billion valuation pre-money; $9.2 billion post-money. At a time when many have questioned whether the most valuable so-called “unicorns” of the startup world are being… Read More

from TechCrunch